Dutch Bros Inc. (NYSE:BROS) Given Average Recommendation of “Moderate Buy” by Analysts

Dutch Bros Inc. (NYSE:BROS) has earned an average rating of “Moderate Buy” from the twenty-four brokerages that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $75.7727.

A number of research firms recently weighed in on BROS. KeyCorp lifted their price objective on shares of Dutch Bros from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Wolfe Research began coverage on shares of Dutch Bros in a research note on Monday, March 9th. They issued an “outperform” rating and a $77.00 price objective for the company. Barclays reduced their price objective on shares of Dutch Bros from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Citigroup lifted their price objective on shares of Dutch Bros from $84.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, TD Cowen restated a “buy” rating and set a $73.00 price target on shares of Dutch Bros in a research report on Friday, February 13th.

Dutch Bros Stock Up 0.2%

Dutch Bros stock opened at $51.12 on Wednesday. Dutch Bros has a 1-year low of $44.58 and a 1-year high of $77.88. The firm has a market capitalization of $8.93 billion, a price-to-earnings ratio of 79.87, a P/E/G ratio of 1.64 and a beta of 2.40. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21. The firm has a 50 day simple moving average of $52.46 and a 200 day simple moving average of $55.79.

Dutch Bros (NYSE:BROS) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. Dutch Bros had a net margin of 4.61% and a return on equity of 9.42%. The business had revenue of $464.41 million during the quarter, compared to analyst estimates of $449.70 million. During the same period in the previous year, the business earned $0.14 EPS. Dutch Bros’s revenue was up 30.7% compared to the same quarter last year. On average, analysts predict that Dutch Bros will post 0.84 earnings per share for the current year.

Insider Activity at Dutch Bros

In other news, Director Todd Allan Penegor purchased 2,000 shares of Dutch Bros stock in a transaction dated Friday, May 15th. The stock was purchased at an average cost of $51.17 per share, for a total transaction of $102,340.00. Following the transaction, the director directly owned 5,358 shares of the company’s stock, valued at approximately $274,168.86. This trade represents a 59.56% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 38.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Marshall Wace LLP grew its position in shares of Dutch Bros by 15.1% during the 4th quarter. Marshall Wace LLP now owns 3,098,288 shares of the company’s stock valued at $189,677,000 after purchasing an additional 407,528 shares in the last quarter. Ninety One UK Ltd grew its position in shares of Dutch Bros by 1.5% during the 4th quarter. Ninety One UK Ltd now owns 2,625,483 shares of the company’s stock valued at $160,732,000 after purchasing an additional 39,781 shares in the last quarter. Invesco Ltd. grew its position in shares of Dutch Bros by 4.0% during the 3rd quarter. Invesco Ltd. now owns 2,426,657 shares of the company’s stock valued at $127,011,000 after purchasing an additional 93,515 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Dutch Bros by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,265,083 shares of the company’s stock valued at $138,699,000 after purchasing an additional 39,349 shares in the last quarter. Finally, State Street Corp grew its position in shares of Dutch Bros by 1.8% during the 4th quarter. State Street Corp now owns 2,020,112 shares of the company’s stock valued at $123,671,000 after purchasing an additional 35,854 shares in the last quarter. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

About Dutch Bros

Dutch Bros Coffee, trading on the NYSE under the ticker BROS, is an American drive-through coffee chain known for its quick-service model and community-focused brand. Founded in 1992 by brothers Dane and Travis Boersma in Grants Pass, Oregon, the company began as a single coffee stand and has since expanded its footprint across numerous U.S. markets. Dutch Bros specializes in handcrafted espresso drinks, drip coffee, cold brew, energy drinks, smoothies, teas, and a variety of signature “Dutch Freeze” and “Dutch Frost” blended beverages.

The company operates a mix of company-owned and franchised locations, placing a strong emphasis on speed and customer engagement.